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Essentially Flat

US TSYS

Cash Tsys now trade essentially flat across the curve, with TYH3 back in the middle of its narrow 0-05 range, last +0-03+ at 114-20. Macro headline flow remains light, while there was a lack of market willingness when it came to really latching onto the slightly softer than expected Chinese Caixin m’fing PMI print (partly owing to underlying optimism surrounding the Chinese economy over the coming months), with the resultant, modest richening fading. The proximity to the impending FOMC decision is of course limiting participation in the Asia-Pac session.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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